L&T Finance Holdings Wins Golden Peacock Award for Risk Management

MUMBAI, November 29, 2017 /PRNewswire/ --

Receives the prestigious award for robust risk management processes

L&T Finance Holdings (LTFH), India's leading financial services company, has been awarded the prestigious 'Golden Peacock Award for Risk Management - 2017' in the Financial Services category. The award will be conferred at a special presentation ceremony to be held on December 14, 2017 in Singapore.

Speaking about the award, Mr. Dinanath Dubhashi, MD & CEO, L&T Finance Holdings said, "This award is a testament to our organization's belief and ethos - that a strong risk management framework is an enabler for creating an organization that delivers predictable top quartile results. This award goes a long way in showing that the growth we have been delivering and plan to deliver, is sustainable, as it is on the back of robust risk management processes."

The Golden Peacock Award, instituted by the Institute of Directors in 1991, is regarded globally as a benchmark of corporate excellence. The Awards' Jury that selected the winners was chaired by Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India. This year, the Secretariat received over 163 responses, for the annual Golden Peacock Awards across three categories. Out of these, 53 applications were shortlisted for final selection through a three-tier assessment process.

About L&T Finance Holdings Ltd. (LTFH):

LTFH is a holding company offering a focused range of financial products and services across rural, housing and wholesale finance sectors, as well as mutual fund products and wealth management services, through its wholly-owned subsidiaries, viz., L&T Finance Ltd. (erstwhile Family Credit Ltd.), L&T Housing Finance Ltd., L&T Infrastructure Finance Company Ltd., L&T Investment Management Ltd., and L&T Capital Markets Ltd. LTFH is registered with RBI as a CIC-ND-SI. LTFH is promoted by Larsen & Toubro Ltd. (L&T), one of the leading companies in India, with interests in engineering, construction, electrical & electronics manufacturing & services, IT and financial services. For more information, visit: https://www.ltfs.com/ .